Nike Tops Estimates. Is This the Start of a Turnaround for the Stock?

Nike (NKE -0.23%) shares were running on a treadmill after the athletic apparel company reported its fiscal second-quarter results last week. While the company was able to top estimates, its new CEO indicated that a turnaround is going to take some time. The stock is trading down nearly 30% year to date as of this writing.Let's take a closer look at Nike's fiscal Q2 results, its new CEO's turnaround plans, and when (or if) the stock may be about to rebound.Declining sales and turnaround planWhile Nike was e ...